S Korean MPs Rage After Terra Co-founder and Bithumb Shareholders Snub Hearing
Source: Lisur/Adobe A number of leading South Korean crypto industry leaders failed to show up to a parliamentary hearing yesterday – including the Co-founder of the under-fire Terra Luna Classic (LUNC) issuer Terraform Labs Daniel Shin, as well as shareholders of the crypto exchange Bithumb. The executives had been summoned to face questions in front of MPs at a meeting of the National Assembly Political Affairs Committee, with auditors from the regulatory Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) also in attendance. MPs had summoned Shin, as well as Lee Jong-hoon, a major Bithumb shareholder and – until recently – the crypto exchange’s CEO, Kukinews and Seoul Finance reported. Top of the agenda at the hearing was the Terra ecosystem crash of early May. MPs also wanted to question the officials about the “ complex&rdquo ; management structure of Bithumb, one of the nation&rsquo ;s biggest crypto exc...